Convenience,………..talk of alternative channels powered by equity innovativeness and the so called Project Dumu( transfers across all networks n that includes the Diaspora)Whom ever want to beat this must be more creative than equity already is. Otherwise all they would be doing is DANCING WITH A GOLLIRA.

At 6 years old?
Equity is almost 30 years... I think it is older than most Wazuans ... @The Merchant included.

Please read their history here: http://www.equitybank.co.ke/about.php?subcat=7

Equity has Wings To Fly

Well, project DUMU ni story ya support systems and money transfers services like western union, Eurocard, Mastercard, VISA……. Its meant to allow direct transactions across networks n direct credits from Diaspora…………the bank is looking to double its transaction from what its today, this will be pivotal in driving more business to the bank’s agents. (let say it’s putting more emphasis to transaction driven banking as it has always been ……..unlike other banks who have been doing more of lending).
Huyu jama mwangi is said to be on his way to retirement hence one last hit dat will put a smile on the shareholders……….. He is said to own 5% of the bank’s stake

First I must declare my interest: I am a shareholder.

Just like the fellow who thinks that Equity is 6 years old, you are misinformed. The President attends Equity functions that have great social & economic impact. Not because it is Equity, but because of the impact. For example, yesterday he attended the presentation of over 2,000 scholarships.

Surely, if you were president and you had declared your dream of free education for all, wouldn't you attend a function where a private company was awarding 2,000 scholarships? Don't you think other big companies will be filled with envy and try to outdo the one whose function you attended? And thereby help achieving your dream for your people?

Before that, the president had attended the launch of the (now dormant) M-Kesho...it said to have potential to rope in 5m people into the banking system....

regarding JM's appointments to presidential commissions; whom would you rather he picked? Isn't JM the most qualified of all company CEOs?

Government Enterprise funds are channeled through Equity because this is the bank with the largest customer base - about 60% of all bank customers are at Equity.

Now if you were in charge of these funds wouldn't it be in your interest to ensure that they reach as many people as possible? Why give the funds to a bank that doesn't have a large customer base? KCB, NBK, Co-Op are minnows compared to Equity in terms of accessibility.

By the way, Equity makes very little from the GoK enterprise funds.

Having said all that, I do not think it is a good strategy to have one bank holding more than 50% of customer in a country. In the same way it is not good for one telco to have 70% of all subscribers. It is just too much dependence on one company's goodwill - very risky position to be in.